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Super Micro Computer (NASDAQ: SMCI) is transforming AI chips into ready-to-use servers, tapping into the booming demand for AI infrastructure. In the last fiscal year, this surge drove revenue growth by 144% year-over-year, reaching $5.3 billion, while net profit increased by 82% to $353 million. This significant growth reflects the company’s agility in meeting the…
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Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retailers and service providers in the US, recently announced that its Board of Directors has approved an extension of the company’s stock repurchase plan, increasing the remaining amount to $400 million. This decision could present an opportunity for those interested in investing in Asbury…
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Leapmotor, a company specializing in intelligent electric vehicles with comprehensive R&D capabilities, and Ambarella, Inc. (NASDAQ: AMBA), a leading AI semiconductor company, have recently signed a strategic cooperation agreement. Both companies will focus on developing world-class intelligent driving systems for the global new energy vehicle market. Developing Advanced Intelligent Driving Solutions As part of this…
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Affirm (NASDAQ: AFRM), a payment network that empowers consumers and helps merchants drive growth, has announced a new partnership with RONA inc., one of Canada’s leading home improvement retailers. RONA operates and services approximately 425 corporate and subsidiary stores. Eligible shoppers can now use Affirm to purchase home improvement goods online. Expanding Affirm Retail Network…
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Air Lease Corporation (NYSE: AL) has released updated information on its aircraft investments, sales, and significant financial activities planned for the second quarter of 2024. As of June 30, 2024, ALC’s fleet consisted of 474 owned and 67 managed aircraft, with 307 new aircraft ordered from Boeing and Airbus to be delivered through 2029. Aircraft…
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AAON, Inc. (NASDAQ: AAON) has provided an update on its previously disclosed share repurchase programs approved by the Board of Directors. By reducing the number of outstanding shares, the company aims to increase earnings per share and enhance return on equity. AAON share repurchase program has been financed through a combination of the company’s cash…
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Agree Realty Corporation (NYSE: ADC) has recently announced that its Board of Directors has approved a monthly cash dividend of $0.250 per common share. This monthly dividend represents an annual dividend rate of $3.00 per common share, a 2.9% increase from the annual dividend rate of $2.916 per common share for the third quarter of…
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Arbor Realty Trust, Inc. (NYSE: ABR) recently announced that its Board of Directors has declared cash dividends on the company’s preferred stock series D, E, and F. The dividends amount to $0.3984375, $0.390625, and $0.390625 per share, respectively, for the cumulative redeemable shares. These dividends reflect the earnings accrued from April 30, 2024, to July…
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AbbVie (ABBV) has submitted applications to the FDA and EMA for the use of upadacitinib (RINVOQ®) in treating giant cell arteritis (GCA). The submissions are backed by the results of the SELECT-GCA Phase 3 study, which demonstrated that a 15 mg dose of upadacitinib, coupled with a 26-week steroid taper, achieved the primary endpoint of…
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At the end of June, Apple Vision Pro debuted in Apple Stores across mainland China, Hong Kong, Japan, and Singapore. This groundbreaking product seamlessly integrates digital content with the physical world, creating powerful spatial capabilities that transform work, collaboration, communication, entertainment, and more. The launch of Vision Pro marks a significant milestone for Apple stocks,…
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Aaron’s Company, Inc. has entered into a definitive agreement to be acquired by IQVentures at $10.10 per share. This transaction represents a 34.0% premium to Aaron’s closing stock price on June 14 and a 35.6% premium to the 90-day volume-weighted average price. This strategic acquisition is expected to bring significant and immediate value to Aaron’s…
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ABM Industries Incorporated (NYSE: ABM), a leading provider of facility solutions, has announced the acquisition of Quality Uptime Services, Inc., a prominent player in critical power services, for $119 million. This acquisition expands ABM’s presence and capabilities in the rapidly growing data center industry. Quality Uptime, headquartered in Bethel, Connecticut, is a leading independent provider…
